My $1,500 is off, and so is your $12,000. Most jurisdictions hover around $5-6,000. Here's a link with a state-by-state breakdown. http://www.civiltree.com/library/smallclaims/small4.php Regarding the prosecutor's comment - if they committed fraud (which it seems likely based upon their reputation on ET), then it's criminal. Trying to recover the funds is civil, but realistically, most will never see a dime should they pursue it. And it's not because it would just go to the lawyers - it's because the money is gone.... It would be cool to be sneaky - file suit, find a way to get notice served without their knowledge, get a default judgment when they fail to appear, find their assets, then start attaching any and all assets at the creditor's hearing before they catch wind of what's going on... A pipe dream, for sure, but it'd be cool...
Sound like a serious bunch of scumbags. Why don't the agreived file suit? Sounds like an easy case to prove-- or are there contracts that the marks sign that make it appear they are investing in a business that simply went under? There has gotta be more to this story than simple fraud. surf
Can you explain again how you collect money from overseas in small claims court from your extensive knowledge?
he is like you. he doesn't come up with numbers. did he lose 17k or was it 17k in total for all traders. a simple sentence is too much for the semi-literates on ET. it is not you but the original poster. you interpreted it the same way i did.
I read it to mean the total amount stolen was 17k from all traders. That's why i suggested small claims court rather than waiting for the "prosecutors" or SEC--- the statute is running out...
Jerry B, You know, if you would just post your warning and move on, everything would be fine. But no, you've got to post the same thing over and over and over again on multiple threads. It's clear from your post history that this is the only thing you have to share on these boards. I mean really? You have nothing relating to trading that you want to contribute except for an unapproved solicitation to check out your algo (which is a violation of conduct rules BTW). I realize that you are owed money. Getting taken advantage of when it comes to cash that you earned is never an easy thing to go through. But you've had ample time and space here to post your warnings. You've received cease and desist letters from the opposing attorneys, and you still just keep on, like none of that matters. Well, it matters to me, and like people here have told you countless times, you need to work out your issues through the legal system. ET is not a court of law. In summary, your incessantly repetitive posts are just outside the boundaries of this site and you need to stop them immediately.